Hi all - I was wondering whether anyone had an updated chart analysis on MAD after today's carnage coming on top of some recent sp highs.
In the interests of disclosure I hold MAD, topped up (too high) today and consider this a long-term investment. I am also looking at whether this is a good opportunity to accumulate or whether it is better to sit on the sidelines. I made the wrong call on that earlier today but that's life... No doubt many other people are also looking at whether this is a time to buy, sit tight or mitigate their potential/actual losses.
Not surprisingly, there is a lot of divergent opinions generally as to how MAD is likely to fare in the immediate future (particularly as a number of significant announcements are due pre-June, today's crude oil numbers, the European 'situation' etc) and as someone who is developing a growing interesting in charting I would be genuinely grateful if anyone had a current analysis for MAD they care to share?
Many thanks in advance.
FDM Price at posting:
$1.11 Sentiment: Buy Disclosure: Held